Massachusetts #1 for Auto Insurance

If there were an Automobile Insurance Olympics, Massachusetts would be a medal winner!  In a recent NPR interview with John Eagan of CarInsuranceQuotes, Eagan revealed that Massachusetts is the state where automobile owners pay the lowest percentage of their income for auto insurance!

Of course you may still reduce the cost of your Massachusetts Auto Insurance further by reviewing your policy regularly with your Auto Insurance Agent.  Ways to save to on auto insurance:

Be a good driver. Insurance carriers LOVE good drivers and offer good-driving discounts or preferential pricing for those who have not had a ticket or accident in at least two years. 

Make sure you are getting all the discounts for which you are eligible. For instance; do you drive fewer than 10,000 miles per year? If so, you may be entitled to a low mileage discount.  Do you have a student driver who will be heading off to school in the fall?  Make sure to have that driver removed from the policy while they are away at school, and remember to add them back onto the policy when the return home for the summer break. Consult with your local insurance agent to ensure that you are getting all the discounts to which you are entitled.

Raise your deductibles. If it isn’t too much of a financial hardship to pay the first $500 or $1,000 of damages if you’re in an auto accident, raising your deductible can save money on premiums. 

The car you drive matters…each year the Massachusetts Insurance Commissioner’s Office releases a list of high-theft vehicle. If your vehicle is on this list, your premium will be higher.  So, before you consider buying that new car, look into how it will affect your insurance premium.

Finally, ask about combining your home and auto insurance for significant savings.